“Without a bipartisan grand bargain on spending and revenues, the nation’s fiscal trajectory will worsen, no matter who occupies the Oval Office,” writes BWC Member Mahesh Kotecha. In a new Financial Times article, Kotecha explains how the United States reached a point where none of the major credit agencies maintain a AAA rating for the country, following Moody’s recent downgrade.

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.